A keenly awaited plan to mobilise $1.3 trillion a year in climate finance for developing nations by 2035 could spark a “positive tipping point” that drives an exponential shift in global climate funding, COP30 President André Corrêa do Lago said on Wednesday as the document was unveiled.
The 81-page “Baku to Belém Roadmap” offers a shopping list of potential measures that, if put into practice, could deliver on a promise made at last year’s UN COP29 summit to boost the provision of climate cash for poorer vulnerable nations from a range of public and private sources.
That deal came after developing countries in Azerbaijan were disappointed by wealthy governments offering an annual $300 billion by 2035 under a new UN climate finance goal, known as the NCQG.
Reaching the wider $1.3-trillion target, which includes the $300 billion, would require “significant effort” from traditional climate finance providers – including rich countries and development banks – as well as innovative sources, such as new taxes, the report says, adding that the goal is “achievable”.
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In a foreword to the roadmap, the two presidents of COP29 and COP30, which takes place in Brazil over the next two weeks, say the $1.3 trillion “must power the next leap in climate implementation”, to make the Paris Agreement work faster and mainstream it across economies, societies and international finance.
The roadmap presents ideas on five elements of the global financial architecture: public concessional finance, fiscal and debt-related measures, private capital, multilateral climate funds and supervisory bodies, like regulators and central banks. The COP presidents say in their foreword that the roadmap “transforms scientific warning into a global blueprint for cooperation and tangible results”.
Not on the COP30 agenda
Yet it remains unclear how – or even whether – its recommendations will be taken forward.
Corrêa do Lago told journalists “there is no plan” for the roadmap to be formally discussed at the COP30 summit or reflected in its final outcomes. “There is no priority absolutely in having it approved or acknowledged at COP,” he added.
The roadmap was never meant to be a negotiated outcome at the UN climate talks. But the two COP presidencies took on the task of crafting a plan to scale up climate finance, with many developing countries viewing the new NCQG target for government funding as insufficient to meet their needs.
The non-binding report issued just before COP30 in the Amazon city of Belém offers a list of practical short-term actions that could guide the roadmap’s early implementation.
For example, it says developed countries could work together on a plan by the end of 2026 that explains how they will reach their goal of providing at least $300 billion a year. Amid cuts in overseas aid spending and tightening government budgets, the report says this step could improve “predictability” of finance flows.
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Multilateral development banks – seen as central to the roadmap’s delivery – could outline how they would reach a new “aspirational” climate finance target for 2035, possibly by changing some of their lending rules and adding more capital.
The report also suggests that the world’s 100 largest companies and its 100 largest institutional investors could report each year on how they are contributing towards the implementation of countries’ national climate plans.
In a statement on the roadmap, UN climate chief Simon Stiell said that “by scaling climate finance to match the scope of the climate crisis, we can turn ambition into momentum, making climate action a driver of economic growth, stability and shared prosperity”.
“The task is ambitious, but achievable,” he added. “The tools exist – what’s been missing is coordination and shared commitment.”
Campaigners disappointed
While welcoming some of the roadmap’s recommendations, climate campaigners said it had failed to live up to its promise and did not confront tricky subjects such as continued government subsidies for fossil fuels. Many also criticised it for relying too heavily on finance coming from the private sector.
Rebecca Thissen, global advocacy lead at Climate Action Network International, said the roadmap “feels more like a sketch than a compass”, adding that while pointing in the right direction, “it fails to chart a clear route or provide the tools” to reach the $1.3-trillion target.
Harjeet Singh, founding director of India’s Satat Sampada Climate Foundation, said the roadmap “correctly identifies the symptoms of our broken financial system” yet “fundamentally fails to prescribe the cure” or present “the transformation we have been demanding”.
There were hopes among climate justice experts that the roadmap would show how to raise more money for helping climate-vulnerable countries adapt to more extreme weather and rising seas – an area of climate action that is severely underfunded, with little prospect of rich nations raising their contributions.
Debbie Hillier, global climate policy lead for Mercy Corps said that while the roadmap calls for greater attention to adaptation, “it places too much weight on the mobilisation of private finance” which can cover at most 15–20% of global adaptation needs, according to recent research from the Zurich Climate Resilience Alliance.
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Other suggestions in the roadmap focus on insurance against extreme weather events and earmarking spending in national budgets that can be released to help people prepare ahead of climate disasters.
Friederike Roder from the Solidarity Levies Task Force noted that the roadmap supports more debt-free financing, in particular for adaptation, which could be delivered at scale by solidarity levies, such as that supported by a new coalition of countries that aim to tax premium flyers.
Hillier said the report recognises the importance of public and grant-based resources to address adaptation and respond to climate-driven loss and damage, but does not follow the UN climate convention principle that countries that caused the climate crisis have a greater responsibility to meet the finance gap. “As such, it falls far short of what is needed,” she added.
The post Roadmap to $1.3 trillion seeks to tip climate finance scales but way forward unclear appeared first on Climate Home News.
Roadmap to $1.3 trillion seeks to tip climate finance scales but way forward unclear
Solar has overtaken gas power in Asia to become the continent’s third-largest source of electricity, according to new analysis by Carbon Brief.
The rapid expansion of solar power in nations such as China, India and Pakistan has seen its annual output increase nearly fourfold since 2020.
Asia accounts for around 60% of the world’s solar-power growth in this period, putting the continent at the heart of the global solar boom.
Coal and hydropower remain Asia’s largest sources of electricity, generating roughly 52% and 12% of the continent’s power each year, respectively.
Yet despite expectations that gas power would undergo “explosive growth” in the region, output has stalled due to supply disruptions, relatively high gas prices and growth in clean alternatives.
In contrast, solar has surged, generating some 1,727 terawatt hours (TWh) of electricity in the 12 months to April 2026.
As the chart below shows, this pushes it just ahead of gas, which generated 1,711TWh over the same period and has remained roughly flat for the past several years.
The milestone reflects wider trends in the global electricity mix, with monthly generation from both wind and solar surpassing gas generation globally for the first time in April 2026.
Asia’s solar expansion has been driven largely by China, which accounts for nearly three-quarters of the growth in the region’s output since 2020.
Record installations in 2025 took China’s cumulative installed capacity to 1.2 terawatts (TW) by the end of the year.
China also dominates global solar supply chains, hosting more than 80% of solar manufacturing capacity.
This means it has played an important role in enabling solar deployment in other Asian countries through cheap solar-panel exports. Amid the energy crisis sparked by the Iran war, Chinese solar exports to Asia doubled to reach a record 39 gigawatts (GW) in March 2026.
Meanwhile, Asian countries have faced a number of challenges in expanding gas-power capacity. Most of these nations are reliant on imported liquified natural gas (LNG) to support their gas-power projects.
Around 81GW of planned gas capacity in Asia was cancelled in 2022 and 2023, amid LNG supply disruptions and price spikes following Russia’s invasion of Ukraine.
LNG import terminals and pipelines have faced delays and cancellations in south Asia and South Korea as a result of rising fuel and construction costs, as well as weak demand for gas power.
Global gas turbine shortages have also delayed plans to build new gas-power plants in Vietnam and the Philippines.
While Asia’s gas-power capacity increased by 22% between 2019 and 2024, gas-fired generation has only increased by a modest 6% over the same period. Existing gas plants are not always operating at high capacities, as gas is outcompeted by other fuels.
These trends are not uniform across the region, with increased generation in some countries – such as China and Taiwan – being offset by declines in others – such as Japan and India.
Although China has nearly doubled its gas -power generation in the past decade, gas supply issues and high prices make it less competitive than coal and renewables.
The expansion of clean energy has also reduced the need for gas-fired generation in many Asian countries. Pakistan’s widely reported “boom” in rooftop solar is one notable example of this trend.
According to the International Energy Agency (IEA), the latest energy crisis has “renewed gas supply reliability and affordability concerns” among gas-importing countries in Asia, many of which are highly dependent on gas flows through the strait of Hormuz.
Methodology
The figures in this article are based on Ember’s monthly and annual electricity data for Asia.
Annual data was used for the year-end data points, as the coverage is more complete compared to the monthly data.
Rolling annual totals based on monthly data were used to interpolate between the annual data points.
The figures in the chart are based on Ember’s definition of Asia, which covers the following countries: Afghanistan, Armenia, Azerbaijan, Bangladesh, Bhutan, Brunei, Cambodia, China, Georgia, Hong Kong, India, Indonesia, Japan, Kazakhstan, North Korea, Kyrgyzstan, Laos, Macao, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Pakistan, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan and Vietnam.
This does not include some countries that are part of the continent of Asia and that use relatively large amounts of gas, such as Iran, Saudi Arabia, the United Arab Emirates (UAE) and Russia.
The post Analysis: Solar overtakes gas power in Asia for first time ever appeared first on Carbon Brief.
Analysis: Solar overtakes gas power in Asia for first time ever
Climate Change
Nearly 100 civil society groups from Türkiye and Australia urge COP31 Presidency to take bold steps to transition away from fossil fuels
Bonn, Germany, Friday 12 June 2026 — A diverse coalition of almost 100 civil society organisations representing Türkiye and Australia have released a joint statement at the Bonn climate conference urging the COP31 Presidency put the transition away from fossil fuels at the centre of the COP31 agenda.
The statement, signed by 94 organisations and addressed to Minister Murat Kurum (Türkiye) and Minister Chris Bowen (Australia), both attending the Bonn Climate Change Conference this week, emphasises that close cooperation between Türkiye and Australia brings a historic opportunity to make international progress in the transition away from fossil fuels, while walking the talk domestically and paving the way to a clean future within their respective borders.
By combining the diplomatic reach of both host nations with the long-standing climate leadership of the Pacific, COP31 should champion the action required to limit warming to 1.5°C.
The statement calls on the COP31 Presidency to:
- Commit to own and advance the just, orderly and equitable transition away from fossil fuels.
- Turn the Just Transition Mechanism – agreed upon at COP30 to enhance international cooperation as well as support and enable equitable and inclusive just transitions – into concrete actions through defined funding, clear timelines, and practical operational details that protect workers and vulnerable communities.
- Enable meaningful progress in international climate finance to advance all pillars of climate action on mitigation, adaptation, and loss and damage, ensuring that “big polluters pay”.
- Rebuild trust in the multilateral process by having a Presidency team that acts as an ‘honest broker.’ This includes protecting the integrity of negotiations from fossil fuel industry influence, which has had a worrying record presence in the last few COPs, and ensuring the full participation of civil society, Indigenous Peoples, women, youth, local communities, and upholding human rights.
The letter also urges Türkiye and Australia to inspire strong global outcomes in negotiations in Antalya in November, by leading by example, developing national roadmaps to transition away from fossil fuels and taking bold decisions domestically.
Shiva Gounden, Head of Pacific, Greenpeace Australia Pacific, said: “The Pacific is at the forefront of global efforts to transition away from fossil fuels. From the beginning, we have worked to advance multilateral cooperation and strengthen the global climate regime — writing the 1.5°C redline into the Paris Agreement, establishing funding for loss and damage, and taking the world’s biggest problem to the world’s highest court. To the COP31 partnership, we bring the experience of 30 years of frontline leadership, the values of reciprocity and collective responsibility, and the warm hearts and unending resolve of our communities. We will continue to be the voice of science, justice and ambition. For us, phasing out fossil fuels and holding the line on 1.5°C is about survival. Together, we can ensure a safer, thriving future for the peoples of the Pacific and for communities worldwide.”
Tanyeli Behiç Sabuncu, WWF-Türkiye Climate and Energy Practice Manager, said: “As the President of COP31, Türkiye should not postpone leaving coal. One-third of the electricity mix in the country comes from it and new coal-fired power plant units are still being planned, despite losing both its economic and social licence. Phasing out fossil fuels is not merely an emission reduction goal. It is also a pathway toward a liveable world for people and nature as well as energy security for consumers and businesses. COP31 presents Türkiye a defining choice: stick to the choices of the past or lead a transformative shift toward a just and clean energy future. Announcing a coal phase-out date would send the clearest initial signal that the country takes its leadership role at COP seriously.
Denise Cauchi, CEO Climate Action Network Australia, said: “The fossil fuel era is ending. The escalating energy crisis is exposing the true costs of fossil fuel dependence—not only through worsening climate impacts, but also through global insecurity, energy price shocks and rising living costs. As the incoming President and President of Negotiations, Türkiye and Australia must put the 1.5°C temperature goal at the heart of COP31, which requires a managed, equitable transition away from coal, oil and gas, backed by finance and supported by a just transition. Australia must lead with credibility. As the world’s third-largest fossil fuel exporter, it needs a clear plan to phase out fossil fuels, including exports, and contribute its fair share of international climate finance.”
ENDS
Photos from the press conference will be added here after the event. The press conference will be live streamed and archived here
Media contact:
Kate O’Callaghan, Greenpeace on +61 406 231 892 (Whatsapp/Signal) or kate.ocallaghan@greenpeace.org
Climate Change
‘A new chapter’: Inaugural National EPA CEO John Bradley faces significant choices on the horizon
SYDNEY, Friday 12 June 2026 — In response to the appointment of the inaugural CEO of Australia’s first National Environmental Protection Agency (National EPA), the following can be attributed to Glenn Walker, Head of Nature at Greenpeace Australia Pacific:
“Greenpeace welcomes the appointment of the inaugural CEO of Australia’s first National EPA as the beginning of a new chapter in the conservation of our world-famous nature.
“Now is a time of environmental crossroads — the inaugural National EPA under new CEO John Bradley’s leadership has a duty to provide robust environmental protection advice to the Albanese Government, and can start by protecting Scott Reef and the World Heritage Great Barrier Reef.
“Mr Bradley has the important task ahead of leading the National EPA’s recommendation on Australia’s largest proposed fossil fuel project, Woodside’s toxic Browse project in Western Australia. Browse threatens Australia’s largest freestanding reef, Scott Reef, and our climate, and must be rejected by any agency concerned with protecting the environment.
“Mr Bradley must also use his new position to crack down on rampant deforestation, which is threatening the Great Barrier Reef and sending our native animals, like the koala, to the brink of extinction in Queensland and New South Wales. As a former head of Queensland’s state environment department, Mr Bradley understands the threat of deforestation, and has a unique opportunity to finally protect the Reef from that threat.”
—ENDS—
Images and videos of deforestation can be found here, and of Scott Reef here.
For more information or to arrange an interview, please contact Emma Sangalli on 0431 513 465 or emma.sangalli@greenpeace.org
‘A new chapter’: Inaugural National EPA CEO John Bradley faces significant choices on the horizon
Analysis: Solar overtakes gas power in Asia for first time ever
Nearly 100 civil society groups from Türkiye and Australia urge COP31 Presidency to take bold steps to transition away from fossil fuels
‘A new chapter’: Inaugural National EPA CEO John Bradley faces significant choices on the horizon
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